Top crypto tweets of the day – May 16th

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  TL;DR Breakdown Michael Saylor, executive chairman of MicroStrategy, said at the Bitcoin 2023 Conference in Miami that Bitcoin could help combat the cybersecurity threats that will increase with the proliferation of AI.  Saylor suggested creating a public-private key system stored on the Bitcoin layer to establish integrity in cyberspace and stop the spread of phony online identities. Michael Saylor believes that Ordinals will increase Bitcoin adoption by promoting application development.  The global annual cost of cybercrime is predicted to reach $8 trillion annually in 2023. According to MicroStrategy CEO Michael Saylor, the potential of Bitcoin in battling cybersecurity risks is brought on by artificial intelligence (AI). He suggested creating a public-private key system stored on the Bitcoin layer to establish integrity in cyberspace and stop the spread of phony online identities.  Additionally, Saylor highlights how Bitcoin’s decentralized blockchain offers cryptographic security solutions that enhance data protection and privacy. Saylor discusses MicroStrategy’s involvement in the Lightning and Orange projects, emphasizing cutting-edge blockchain-based applications. Contents hide 1 Michael Saylor points to Bitcoin’s role in combating cybersecurity risks caused by AI 2 Bitcoin’s…

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• Crypto Fund Fraudster Sentenced to Extensive Prison Term in $249 Million Scheme

  TL;DR Breakdown A crypto fund fraudster has been sentenced to a significant prison term for orchestrating a $249 million scheme that targeted investors through a fraudulent cryptocurrency and foreign-exchange platform. The fraudster promised weekly returns of 5% or more to investors, resulting in a rapid expansion of the scheme and victimizing approximately 25,000 individuals, primarily from the Haitian-American community. Description In a landmark ruling on Tuesday, Eddy Alexandre, a resident of Valley Stream, New York, was sentenced to nine years in prison for orchestrating a fraudulent scheme that swindled hundreds of millions of dollars from investors. US District Judge John Cronan handed down the sentence after Alexandre pleaded guilty to commodities fraud in February. The … Read more In a landmark ruling on Tuesday, Eddy Alexandre, a resident of Valley Stream, New York, was sentenced to nine years in prison for orchestrating a fraudulent scheme that swindled hundreds of millions of dollars from investors. US District Judge John Cronan handed down the sentence after Alexandre pleaded guilty to commodities fraud in February. The scheme, which lasted only eight months from…

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• British Museum partners with The Sandbox to create digital collectibles

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• Venture capital has a crypto obsession – See?

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• Ripple vs. SEC: A decision looms, but regulatory clarity fights on

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